Bitcoin’s price plummeted to the $66,000 level, while Ethereum slipped below $3,400. Other prominent altcoins such as Solana (SOL), XRP, and Cardano (ADA) also witnessed notable dips in their prices, adding to the overall bearish sentiment prevailing in the market.

In the tweet, Martinez states, “A 30% price correction is the most bullish thing that could happen to Bitcoin!”

Upcoming Price Strom In BTC

On the other hand, another renowned crypto trader Crypto Rover highlights the emergence of a symmetrical triangle pattern on the daily chart. In the tweet, Crypto Rover suggests that the current calm in the market may be indicative of an impending storm of price movement.

The symmetrical triangle pattern seen in Bitcoin’s chart, shared by Crypto Rover, suggests a period of consolidation with converging trendlines. This often precedes significant price breakouts, indicating imminent volatility.

Bitcoin Price Movement

As of now, Bitcoin is priced at $66,107, marking a 4.7% decrease in the last 24 hours. Despite this decline, there has been a significant increase in trading volume, soaring by 69.2% to reach $42.5 billion.